Tag: Trump not the business success he sold Americans in 2016

Trump’s company puts D.C. hotel lease up for sale, again

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The former president’s company previously considered selling the lease to its luxury Washington hotel before covid struck

Former president Donald Trump’s company has again hired a broker to sell the lease to its D.C. hotel, according to two people familiar with the discussions, a second attempt to unload the property after the pandemic thwarted a previous effort.

The Trump Organization previously listed the Pennsylvania Avenue hotel, in the federally owned Old Post Office Pavilion, in the fall of 2019. When covid-19 struck, many hotels closed either completely or partially due to government shutdowns, and the company pulled the property off the market.

Now, with Trump under investigation by prosecutors in New York and the economy beginning to take off, his company is trying again, hiring the brokerage firm Newmark Group to market the lease, according to the people, who spoke on the condition of anonymity to share private business discussions. Continue reading.

Debt cloud hangs over Trump post-presidency

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President Trump faces an increasingly challenging financial future after he leaves the White House on Wednesday.

Trump is on the hook for hundreds of millions of dollars of debt, most of it due within the next four years, and the legacy of his presidency may leave him with few options to pay it off.

In the wake of the Capitol riots, the New York City government and the PGA of America backed away from business arrangements with the Trump Organization, sapping future income from the debt-laden president. Three banks have announced they’re cutting ties with him — including Deutsche Bank, his biggest creditor — limiting his ability to refinance debt. Continue reading.

Trump’s debts and foreign deals pose security risks, former intelligence officials say

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Security teams at U.S. spy agencies are constantly scouring employee records for signs of potential compromise: daunting levels of debt, troubling overseas entanglements, hidden streams of income, and a penchant for secrecy or deceit to avoid exposure.

President Trump would check nearly every box of this risk profile based on revelations in the New York Times from his long-secret tax records that former intelligence officials and security experts said raise profound questions about whether he should be trusted to safeguard U.S. secrets and interests.

The records show that Trump has continued to make money off foreign investments and projects while in office; that foreign officials have spent lavishly at his Washington hotel and other properties; and that despite this revenue he is hundreds of millions of dollars in debt with massive payments coming due. Continue reading.